It appears to me that this current "Spike" is coming back to earth. I mine gold, so saying this isn't really like doing a happy dance... Gold at 1400 oz is a lot less attractive to dig than 1700. Placer gold was at 1200 anyway vs refined.

Juist J.P. Moran naked shorts taking advantage of the Holiday Season to screw the market in another way, as they KNOW that their SEC CRIMINAL FRIENDS will do NOTHING in response.

HEY ! Think of how much of OTHER peoples money they can rake in !

Quoting: Anonymous Coward 29216719

The thing to understand about naked shorts on PMs is that it takes a huge ammount of benny bucks to push prices down. This is a double win for the stackers, as PMs are intrinsically a hedge against benny bucks, but when they manipulate you get a double payday.

Also, they generally don't tax PMs yearly like a house or a car, so you are getting a tripple pay day.

Its almost too good to be true. why does TPTB let us stackers get away with it?

Gold drop may be associated with MS having to liquidate their position in GLD to redeem shares in their "Welth Platform Unit" which they are closing and having to sell assets in.... ???

"Morgan Stanley's Wealth platform unit has finally, after months and months of considerations, pulled the plug on the fund that for the second year in a row is one of the three worst performing in the weekly HSBC report and is now redeeming." [link to www.zerohedge.com]